HV switchgear is used in the electrical networks to control and protect the electrical apparatus. The dependability of electric supply highly depends on the efficiency of the HV switchgear. HV Switchgear is manufactured to use in high voltage substations in a power transmission and distribution network. The elementary function of switchgear is to safeguard the equipment by tripping the electric power at the time of abnormal conditions like a short circuit, massive electrical load transfer, etc.
MARKET DYNAMICS
An increase in demand for electricity due to the rapid growth of automation and urbanization is the primary factor driving the growth of the HV switchgear market. The installation of new transmission and distribution networks and the development of existing transmission and distribution in developing countries are increasing the demand for HV switchgear. Favorable Govt. policies, technological advancement, enhancement, and replacement of old equipment are also supporting the HV switchgear market to expand.
MARKET SCOPE
The "Global HV Switchgear Market Analysis to 2028" is a specialized and in-depth study of the HV Switchgear Market with a special focus on the global market trend analysis. The report aims to provide an overview of HV Switchgear Market with detailed market segmentation by type, components, applications. The global HV Switchgear Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HV Switchgear Market players and offers key trends and opportunities in the HV Switchgear Market.
MARKET SEGMENTATION
The global HV Switchgear Market is segmented on the basis of type, components, applications. On the basis of type, the market is segmented as air insulated, gas insulated, oil insulated, other types. On the basis of components, the market is segmented as air-insulated switchgears, gas-insulated switchgears, other insulations. On the basis of applications, the market is segmented as industrial, infrastructure development, oil and gas, power generation, processing and manufacturing, transmission and distribution, transportation, utilities sector, other applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global HV Switchgear Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The HV Switchgear Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting HV Switchgear Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the HV Switchgear Market in these regions.
MARKET PLAYERS
The reports cover key developments in the HV Switchgear Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from HV Switchgear Market are anticipated to lucrative growth opportunities in the future with the rising demand for HV Switchgear Market. Below mentioned is the list of few companies engaged in the HV Switchgear Market.
The report also includes the profiles of key HV Switchgear Market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd.
- China XD Electric Group Co. ltd
- Fuji Electric
- General Electric Company Crompton Greaves Limited
- Henan Pinggao Electric Co., Ltd.
- Hitachi
- Hyosung Corporation
- Hyundai Heavy Industry, Ltd
- Mitsubishi Electric Corporation
- Nissin Electric
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.